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FINWIRES

Tata Communications' Consolidated Profit Declines Sharply in Fiscal Q4

-- Tata Communications' (NSE:TATACOMM, BOM:500483) consolidated attributable profit plunged to 2.63 billion Indian rupees in the fiscal fourth quarter ended March 31, from 10.4 billion rupees a year ago.

The communications technology company's earnings per share contracted to 9.22 rupees from 36.45 rupees a year earlier, according to a Wednesday filing to the Indian stock exchanges. The EPS was much lower than the 26.43 rupees estimated by the analysts polled by Visible Alpha.

Revenue from operations in fiscal Q4, however, rose to 65.5 billion rupees from 59.9 billion rupees a year ago. This was higher than Visible Alpha's estimate of 59.9 billion rupees.

The company's board recommended a final dividend of 17.50 rupees per share of face value of 10 rupees for the financial year ended March 31.

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